What kinds of remedies are available from credit card dispute resolution?

In Rhode Island, credit card dispute resolution law, also known as chargeback law, provides remedies to people who have been wrongfully charged for goods or services. The most common form of remedy is the debit or cancellation of the charge. This means that the cardholder’s account will be credited for the full amount of the disputed charge. Another potential remedy is a refund of the purchase price, which may include the full price of the goods or services plus any taxes or fees charged. Credit card dispute resolution also allows cardholders to dispute a fraudulent charge. This may result in an investigation by the card issuer to determine whether the charge is indeed fraudulent and to take appropriate action. In some cases, the card issuer may be required to refund the charge in order to settle the dispute. The resolution of a credit card dispute may also involve other forms of relief, such as the reimbursement of late fees or over-the-limit fees, the removal of a negative credit history, and the restoration of a credit limit. In addition, the card issuer may be required to pay for any costs associated with the dispute, such as legal fees or costs for phone calls and postage. Finally, if the card issuer is found to have acted in bad faith, the cardholder may be entitled to receive damages for losses or other forms of compensation.

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What kinds of remedies are available from credit card dispute resolution?

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